Slow, Steady Economic Gains: Barron’s Quotes Ed Hyman of Evercore ISI

Evercore ISI chairman Ed Hyman expects slow but steady economic gains and modest interest rates for the next several years, Barron’s reported.

At the same time, China is showing signs of a rebound, including recent gains in retail and vehicle sales, stronger property prices, and improved consumer confidence.

Hyman was speaking at an Evercore Wealth Management client event in St. Petersburg, Florida. The article, titled Reason for Cheer, noted that when the Federal Reserve begins tightening, the United States has stayed out of recession for, on average, five more years.

Evercore ISI is one of a number of sources of research considered by Evercore Wealth Management. Hyman, who has been named Wall Street’s top economist for 35 consecutive years by Institutional Investor, has recently addressed clients of the firm in both New York and Florida.

While volatility in the stock market can be discomforting, it can provide opportunities for long-term investors, said Martha Pomerantz at the annual Minneapolis Star Tribune investors roundtable. She noted that Evercore Wealth Management expects continued low inflation and interest rates. To view the firm’s latest thinking, please see the current issue of Independent Thinking.